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The two companies said on Tuesday that they would buy 22 billion yen (USD 181.4 million) worth of shares in each other as part of a capital and product tie-up. As a result, Nintendo will acquire a 10 percent stake in DeNA while DeNA will acquire a 1.2 percent stake in Nintendo.

The improvement stems mainly from a weak yen, increased sales of smartphones, robust PlayStation console businesses and strong demand for image sensors for cameras, the firm said. This increase was partially offset by a significant decrease in sales in other operations, it said.

Sony's mobile division plans to shed by March 2016 a total of 2,100 jobs - about 30 percent of its workforce - to drag its results out of the red. The mobile and tablet maker lost USD 1.2 billion in the fourth quarter of 2014 alone.

Japan's Sony Corp said its net loss for 2014 was likely less than previously forecast as cost cuts and higher-than-expected sales of its image sensors and PlayStation video game consoles helped lift its third-quarter profit.

Retailers are gearing up to get in on the buzz that has built up around the release of the game, one of the most anticipated new products for the latest version of the Xbox, by hosting over 6,000 midnight launch events worldwide.

The two companies said on Tuesday that they would buy 22 billion yen (USD 181.4 million) worth of shares in each other as part of a capital and product tie-up. As a result, Nintendo will acquire a 10 percent stake in DeNA while DeNA will acquire a 1.2 percent stake in Nintendo.

The improvement stems mainly from a weak yen, increased sales of smartphones, robust PlayStation console businesses and strong demand for image sensors for cameras, the firm said. This increase was partially offset by a significant decrease in sales in other operations, it said.

Sony's mobile division plans to shed by March 2016 a total of 2,100 jobs - about 30 percent of its workforce - to drag its results out of the red. The mobile and tablet maker lost USD 1.2 billion in the fourth quarter of 2014 alone.

Japan's Sony Corp said its net loss for 2014 was likely less than previously forecast as cost cuts and higher-than-expected sales of its image sensors and PlayStation video game consoles helped lift its third-quarter profit.

Retailers are gearing up to get in on the buzz that has built up around the release of the game, one of the most anticipated new products for the latest version of the Xbox, by hosting over 6,000 midnight launch events worldwide.

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